News

On March 27, 2020, President Donald Trump signed Public Law 116-136, the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020. The CARES Act includes a number of changes to federal tax provisions that are retroactive to tax years 2018 and 2019 (i.e. tax years beginning in calendar years 2018 or 2019).

Local Government Officials:

The Department of Revenue has received questions from many of you regarding the impact of COVID-19 on local option sales tax collections. We have been monitoring and will continue to monitor the situation. At this time, we have decided not to make any adjustments to the current monthly estimates for Fiscal Year 2020.

Although a number of tax filing deadlines were recently extended by Governor Reynolds and the Iowa Department of Revenue, not all tax filing deadlines have been extended. The Department is reminding taxpayers that a number of important tax deadlines are approaching soon and taxpayers should meet those deadlines to avoid interest, penalties, or loss of other tax benefits.

Des Moines, Iowa – The Iowa Department of Revenue announced today conditional penalty relief for taxpayers required to make estimated payments. The changes, prompted by COVID-19, are the result of Order 2020-03, an order signed by Director of Revenue Kraig Paulsen.

Iowa Small Business Relief Tax Deferral Program still accepting applications

April 08, 2020

On March 23, Governor Kim Reynolds announced a new Iowa Small Business Relief Program to support the state’s small businesses impacted by the COVID-19 pandemic. The program offered small business relief grants, administered by the Iowa Economic Development Authority.